Anonymous wrote:

Anonymous wrote:

Anonymous wrote:About financing: are there typically prepayment penalties if you finance and then pay off the full balance immediately?

Depends on the loan.

I did this last time, and they asked me to keep the loan for three months (although there was no prepayment penalty in the loan contract).

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Paying cash for a large purchase like a car is shady AF, and low class.

How is it shady and low class?

I'd assume anyone with that much cash is either a drug dealer or in some other business where lots of undeclared cash transactions are taking place. either criminal, or shady.

When people use the term cash they don’t mean you’re rolling in with a Zero Halliburton handcuffed to your wrist with a hundred large inside. They mean you write a check from like Navy Federal from an account with the correct amount in it. Duh.

Writing a check or doing a wire transfer isn’t “paying cash”. Duh

Writing a check is paying by check. Duh

A wire transfer is a wire transfer. Duh

Only handing someone a stack of paper currency or coins is paying with cash. Duh

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just have the money in your personal checking account. Dealerships hate when you pay cash anyway, and you will not get the best deal. They make money off financing. So, you could finance and then just pay all off a week or so later.

. I have done this several times. Take out a loan, get the best price due to financing and then pay it off. Good for the credit too.

In general, auto loans are straight interest, which means that if you pay it off early, you're still paying the interest you would have paid if you'd taken the full 2 years (or 5 years, or whatever) to pay it off.

Just get the best offer, tell them you're paying cash, and if they balk, ask if they want to sell you the car or not, because you're not changing your mind.

Anonymous wrote:

Anonymous wrote:Just have the money in your personal checking account. Dealerships hate when you pay cash anyway, and you will not get the best deal. They make money off financing. So, you could finance and then just pay all off a week or so later.

. I have done this several times. Take out a loan, get the best price due to financing and then pay it off. Good for the credit too.

Anonymous wrote:Just have the money in your personal checking account. Dealerships hate when you pay cash anyway, and you will not get the best deal. They make money off financing. So, you could finance and then just pay all off a week or so later.

Anonymous wrote:

Anonymous wrote:Paying cash for a large purchase like a car is shady AF, and low class.

How is it shady and low class?

Anonymous wrote:Bank check. We just bought a car with cash. The dealer was very shady and ran our credit without our permission. A bank check gives them secure money. They get kickbacks and money for financing so they don't want you to pay cash and that's why they gave you a run around. I never discuss payment too. Negotiate the deal via email to get the best price and then walk in with a bank check for the amount agreed. You don't fill out financing forms.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Paying cash for a large purchase like a car is shady AF, and low class.

How is it shady and low class?

I'd assume anyone with that much cash is either a drug dealer or in some other business where lots of undeclared cash transactions are taking place. either criminal, or shady.

When people use the term cash they don’t mean you’re rolling in with a Zero Halliburton handcuffed to your wrist with a hundred large inside. They mean you write a check from like Navy Federal from an account with the correct amount in it. Duh.

Writing a check or doing a wire transfer isn’t “paying cash”. Duh

Writing a check is paying by check. Duh



A wire transfer is a wire transfer. Duh

Only handing someone a stack of paper currency or coins is paying with cash. Duh

People with money call mostly anything that doesn’t involve a loan “cash.” You must come from a different demographic.

+1. You’re not very worldly, pp.

I’m not. But I’m educated. Clearly better than that demographic, since I understand what words like “cash” and “wire” and “check” mean.

I wouldn’t accept a check for $80,000. I’ll accept your Halliburton filled with 100’s though.

Anonymous wrote:

Anonymous wrote:About financing: are there typically prepayment penalties if you finance and then pay off the full balance immediately?

Depends on the loan.